No gentrification? Wait now. The community is a working class one, and has not yet bore the brunt of gentrification. Without further addoo, I spent some time writing word for word a paragraph from the article by hackworth and rekers that I mentioned earlier in this topic. Get the entire thing, it's worth reading.
"That said, the larger neighborhood of South Riverdale, (within which Gerrard India Bazaar sits) is beginning to experience signs of gentrification - an influx of artists, the construction of trendy condo projects, and copious attention by the local real estate press - but development remains very pocketed. As Table 4 suggests, these pockets of development have yet to meaningfully affect aggregate income and real estate statistics for the neighborhood. Overall house values have ranged from 60% to 70% of CMA averages during the past 30 years, and rents have fluctuated dramatically between 75% and 101% of CMA during the same period. Incomes have actually declined appreciably during the past 30 years, but much is also attributable to the simple fact that the neighborhood is still firmly working class in its orientation.In short, while the classic antecedents to gentrification appear to be emerging in pockets around Gerrard Indian bazaar, it is unclear whether they will germinate and more importantly how (or if) they are related to the Bazaar ethnic package. But importantly for our purposes here, the Bazaar's presence remains a crucial component (along with the neaby film district and Chinatown East) of South Riverdale's bohemian panache, and as such has created an ethnic package that has the potential for sale to gentrifies in the future.